Liquidity piercingThe shooting star candlestick made a huge liquidity piercing and dragged the price down to mitigate the inner demand zone which pushed made a contraction that respected the breaker. The breaker block led price to decline even more to break the structure and create divergence. The divergence pushed up and mitigated the supply zone to give us the stunning opportunity to sell all the way to both 1h and 4h liquidity pools. After the 1h liquidity sweep, price made a short pullback to wick that got broken and continued to go bearish to hit the target. Price pierced the 4h liquidity pool way too much than expected, but we still have a possibility of going bullish because we have more like a falling wedge and price just made a third touch to complete the three drives pattern, we have a doji candlestick as the current one, this good be the strong beginning of a bullish market…
Audcadanalysis
AUDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | AUDCAD breaking the ascending channelAUDCAD is currently pulling back to the broken ascending channel's border.
The market is creating a potential H&S pattern following a double top formation.
Price action is likely to move down from the confluence zone..
We expect a pullback from the resistance level .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DeGRAM | AUDCAD broke out of the descending channelAUDCAD is testing the support level of 0.91500 .
The market pulled back to the support level, which is the kill zone: support + 50% fibo.
If price action creates a double bottom, it is going to be double confirmation.
Price action is likely to retest the resistance level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD BUYAlright so basically AUDCAD is going for a buy for about 200 pips plus before we can except a meltdown of a sell, a pullback needs to occur in price based on pure price action we would be expecting a buy, if you focus on this analysis you would notice before price broke the Trend line price first then created a W pattern which signifies that a possible reversal has occurred on the support level so we patiently wait for price to retest or retrace back before we can take our buys. Drop a Comment please on what you think on this Analysis or think about AUDCAD.
Thanks
AUDCAD: Don't miss these sells...Price has formed significant equal lows near a key psychological level.
I expect price to play buyers, lure them in while wiping out seller liquidity only to return to sweep again.
If my theory is correct we should see pushes back up into the structure zone, followed by manipulation, then a rollover to the downside.
I like the look of this and will keep my eye on it, do you feel the same?
Let me know what you think in the comment section.
DeGRAM | AUDCAD target for shortAUDCAD rebounded from kill zone at 0.91500.
Price action is likely to move down from the kill zone: the resistance + 61.8% fibo and bearish harmonic pattern .
We expect a pullback from the resistance level .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Two possible scenariosWe had a divergence which gave us the 0.90417 low and also a potential demand zone, price changed its character and pushed to the order block and got rejected. With this second retest I’m place, how the market reacts to this will determine whether price will drop to the demand zone or persistently push up to the supply zone, here we observe and see how it plays out…
DeGRAM | AUDCAD trend continuation oppportunityAUDCAD is pulling back to the kill zone: the fibo 50% level, resistance level.
The market is printing a potential equal-measured move AB=CD.
Price action is likely to move down from the kill zone since we have a bearish trend .
We expect a trend continuation trade.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD : Long Trade , 4hHello traders, we want to check the AUDCAD chart in the 4-hour time frame. After moving in a descending channel, the price has simultaneously reached the bottom of the channel and the key level of 0.90500. This level has played the role of a support level in the past and we expect this again. It will play a role for us and the price will have a correction towards the targets of 0.91400 and 0.92200. Good luck.
AUD/CAD short lining up Inv Cup and Handle to 0.8735AUD/CAD is forming a super Inverse Cup and Handle
We are getting the breakout below the brim level, and now just waiting for the price to close and the next candle to open.
That's when we'll get our official entry.
21>7 - Bearish
Price>200 - Bullish
RSI <50 Bearish divergence with lower highs and the price is making lower highs too.
Target 0.8735